Kuwait Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035

Pages: 40 Published: December 29, 2022 Report Code: GDPE2309ICR

Kuwait Power Market Report Overview

The total power consumption in the Kuwait power market was 65 TWh in 2021. The consumption is expected to increase backed by demand from residential and industrial sectors at a CAGR of more than 3% between 2021 and 2035.

The Kuwait power market research report discusses the power market structure of Kuwait and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. A detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. Moreover, an analysis of the deals in the country’s power sector is also included.

Kuwait Power Market Outlook

Kuwait Power Market OutlookTo gain more information on the Kuwait power market forecast, download a free report sample

Kuwait Power Market Dynamics

Thermal power is the primary source of electricity in Kuwait. Within thermal power gas-based thermal is the dominant source followed by oil-based thermal. Kuwait is almost entirely dependent on fossil fuels for its energy requirements and electricity consumption is expected to triple by 2030. To diversify its energy mix, the Kuwaiti government has set a target to increase the share of renewable generation to 15% by 2030

In 2017, the government of Kuwait adopted the Kuwait Vision 2035 focused on economic reform empowering the private sector and boosting regional trade and investment. One of the primary objectives of Kuwait Vision 2035 includes upgrading infrastructure and diversifying the economy away from the oil industry. The Ministry of Electricity & Water & Renewable Energy is responsible for formulating policies and strategies for the power sector in Kuwait. The major objectives of the ministry are to secure the demand for electricity, promote the use of renewable sources, and encourage the participation of the private sector in the power sector among others.

For more insights on Kuwait power market dynamics, download a free report sample

Kuwait Power Market Segmentation by Sectors

The key sectors in the Kuwait power market are the residential sector, industrial sector, commercial sector, and others. In 2021, the residential sector had the largest share in Kuwait’s power consumption market.

Kuwait Power Market Analysis by Sectors

Kuwait Power Market Analysis by SectorsFor more sector insights into the Kuwait power market, download a free report sample

Kuwait Power Market Segmentation by Technology

The key technology segments in the Kuwait power market are gas, oil, solar thermal, solar PV, and onshore wind. Gas-based thermal capacity dominated the energy mix followed by oil-based thermal.

Kuwait Power Market Analysis by Technology

Kuwait Power Market Analysis by TechnologyFor more technology insights into the Kuwait power market, download a free report sample

Kuwait Power Market - Competitive Landscape

Some of the leading power generating companies in the Kuwait power market are Ministry of Electricity and Water, Kuwait (MEW), Kuwait Authority for Partnership Projects, Sumitomo Corp., Engie SA, A.H. Alsagar & Bros Co., and others. Ministry of Electricity and Water, Kuwait (MEW) accounted for the highest Kuwait power market share in 2021.

Ministry of Electricity and Water (MEW): Ministry of Electricity and Water (MEW) is an electricity and water utility service provider. MEW also issues directives and instructions on matters related to energy conservation and rationalization. The ministry offers customer services such as the provision of permits for water and electricity supply connections, chemical works, designing water projects, and online services for payment of electricity and water consumption bills.

Kuwait Power Market Analysis by Companies

Kuwait Power Market Analysis by CompaniesTo know more about leading Kuwait power market players, download a free report sample

Kuwait Power Market Report Overview

Market Size (2021) 65 TWh
CAGR  >3%
Key Sectors Industrial Sector, Residential Sector, Commercial Sector, and Others
Key Technology Gas, Oil, Solar Thermal, Solar PV, and Onshore Wind
Leading Players Ministry of Electricity and Water, Kuwait (MEW), Kuwait Authority for Partnership Projects, Sumitomo Corp., Engie SA, A.H. Alsagar & Bros Co., and others

Scope

  • Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector
  • Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast to 2035
  • Capacity, generation, and major power plants by technology
  • Data on leading active and upcoming power plants
  • Information on transmission and distribution infrastructure, and electricity imports and exports
  • Policy and regulatory framework governing the market
  • Detailed analysis of top market participants, including market share analysis and SWOT analysis

Reasons to Buy

  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
  • Identify key factors driving investment opportunities in the country’s power sector
  • Facilitate decision-making based on strong historic and forecast data
  • Develop strategies based on the latest regulatory events
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Identify key partners and business development avenues
  • Identify key strengths and weaknesses of important market participants
  • Respond to your competitors’ business structure, strategy, and prospects

Key Players

Ministry of Electricity and Water
Kuwait Authority for Partnership Projects
Sumitomo Corp
Engie SA
A.H. Alsagar & Bros Co

Table of Contents

| Table of Contents

1. Executive Summary

1.1 Gas-based thermal power to continue to dominate power market between 2021-2035

1.2 Renewable power capacity to increase at a CAGR of

30.5% between 2021-2035

2. Introduction

2.1 Kuwait Power Market

2.2 GlobalData Report Guidance

3. Kuwait Power Market, Snapshot

3.1 Country Summary

3.2 Macroeconomic Factors

3.3 Supply Security

3.4 Opportunities

3.5 Challenges

3.6 Impact of COVID-19

4. Kuwait Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

Deal Value and Volume, 2010–2021

Deals by Type, 2021

4.4 Kuwait Power Market, Demand Structure

Power Consumption by Sector, 2021

5. Kuwait Power Market, Regulatory Scenario

5.1 Renewable Energy Targets

5.2 Innovative Renewable Energy Research Program

5.3 Renewable Energy Building and Site Integration

5.4 Environment Protection Law

6. Kuwait Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2021

6.2 Total Power Capacity and Generation, 2010–2035

6.3 Thermal Power Capacity and Generation, 2010–2035

6.4 Renewable Power Capacity and Generation, 2010–2035

7. Kuwait Power Market, Transmission and Distribution Overview

7.1 Transmission Network

7.2 Distribution Network

7.3 Electricity Import and Export

7.4 Grid Interconnection

8. Kuwait Power Market, Major Generating Companies

8.1 Ministry of Electricity and Water (MEW)

Company Overview

8.2 Kuwait Authority for Partnership Projects

Company Overview

9. Appendix

9.1 Abbreviations

9.2 Market Definitions

Power

Renewable Power

Installed Capacity

Electricity Generation

Electricity Consumption

9.3 Methodology

Coverage

Secondary Research

Primary Research

Modelling and Forecasting

| Contact Us

List of Tables

| List of Tables

Table 1: Power Market, Kuwait, Macroeconomic Factors, 2010–2030

Table 2: Power Market, Kuwait, Cumulative Capacity and Annual Generation, 2010–2035

Table 3: Power Market, Kuwait, Cumulative Capacity and Annual Generation Share by Technology, 2010–2035

Table 4: Thermal Power Market, Kuwait, Cumulative Capacity and Annual Generation, 2010–2035

Table 5: Thermal Power Market, Kuwait, Major Plants, 2021

Table 6: Renewable Power Market, Kuwait, Cumulative Capacity (GW), 2010–2035

Table 7: Renewable Power Market, Kuwait, Annual Generation (TWh), 2010–2035

Table 8: Renewable Power Market, Kuwait, Major Plants, 2021

Table 9: Power Market, Kuwait, Transmission Line Length (ckm) by Voltage Level, 2010–2021

Table 10: Power Market, Kuwait, Distribution Line Length (km) by Voltage Level, 2010–2021

Table 11: Power Market, Kuwait, Annual Electricity Import and Export (TWh), 2000–2020

Table 12: Power Market, Kuwait, Upcoming Interconnection Projects

Table 13: Abbreviations

List of Figures

| List of Figures

Figure 1: Thermal Power Market, Kuwait, Cumulative Capacity and Annual Generation, 2010–2035

Figure 2: Renewable Power Market, Kuwait, Cumulative Capacity, 2010–2035

Figure 3: Power Market, Kuwait, Country Summary

Figure 4: Power Market, Kuwait, Macroeconomic Factors, 2010–2030

Figure 5: Power Market, Kuwait, Market Structure

Figure 6: Power Market, Kuwait, Market Share of Generation Companies (%), 2021

Figure 7: Power Market, Kuwait, Annual Power Consumption, 2010–2035

Figure 8: Power Market, Kuwait, Power Consumption by Sector (%), 2021

Figure 9: Power Market, Kuwait, Cumulative Capacity Share by Technology (%), 2021

Figure 10: Power Market, Kuwait, Cumulative Capacity and Annual Generation, 2010–2035

Figure 11: Power Market, Kuwait, Capacity Share by Technology, 2010–2035

Figure 12: Power Market, Kuwait, Annual Generation Share by Technology, 2010–2035

Figure 13: Thermal Power Market, Kuwait, Cumulative Capacity and Annual Generation, 2010–2035

Figure 14: Renewable Power Market, Kuwait, Cumulative Capacity, 2010–2035

Figure 15: Renewable Power Market, Kuwait, Annual Generation, 2010–2035

Figure 16: Power Market, Kuwait, Annual Electricity Import and Export, 2010–2021

Frequently Asked Questions

The total power consumption in Kuwait was 65 TWh in 2021.

The power consumption in Kuwait is expected to increase at a CAGR of more than 3% from 2021 to 2035.

The key sectors in the Kuwait power market are the industrial sector, residential sector, commercial sector, and others.

The key technology segments in the Kuwait power market are gas, oil, solar thermal, solar PV, and onshore wind.

Some of the leading power companies in Kuwait are Ministry of Electricity and Water, Kuwait (MEW), Kuwait Authority for Partnership Projects, Sumitomo Corp., Engie SA, A.H. Alsagar & Bros Co., and others.

$2,500

Can be used by individual purchaser only

$7,500

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Get in touch to find out about our multi-purchase discounts

reportstore@globaldata.com
Tel +44 (0) 20 7947 2960

Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.

Still undecided about purchasing this report?

Enquire Before Buying

Testimonial

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods